Establishing a company in Dubai for Gulf nationals

Dubai is considered one of the distinguished locations for those wishing to invest. Due to its tourist and economic center as well, in addition to the employment available there, which helps the investor in removing the burden of how to provide labor, and as a result of these advantages, many people are now searching for the most important information if you are looking for howEstablishing a company in Dubai for the Gulf To start your own project.

 

Establishing a company in Dubai for Gulf nationals

 

Establishing a company in Dubai for Gulf nationals

In order to be able to establish a company in Dubai, you must follow some important steps, including the following:

  • First you must determine what field you want, and then work on the goal planning step.
  • During the planning process, you must rely on experts in economics and investment.
  • You can choose the appropriate place that you see serving your company’s field.
  • The presence of a work team with extensive experience in the field of investment is considered one of the most important requirements for any investment project.
  • You must know the official papers required to establish your company.
  • The commercial license is one of the steps that must be known about the procedures for obtaining it.

Conditions for opening a company in Dubai

The UAE has set some conditions that must be met if you want to invest your money by  establishing a company in Dubai, including the following: /span>

  • Establishing a company in Dubai for the Gulf You need to choose the trade name for the company, in addition to taking into account the conditions for choosing the trade name.
  • One of the conditions for choosing a trade name is that it be suitable for public taste, in addition to not being repeated before. The name must also bear an indication of the commercial activity of the company that owns the name.
  • Register as an investor who wants to obtain a commercial license, and wait until you obtain it to be able to practice commercial activity.
  • Paying the fees for applying for a commercial license, in addition to registering in the Chamber of Commerce as a member.
  • The commercial registry papers must contain the value of the company’s capital.
  • The investor submits all papers and documents to the Economic Development Authority located in Dubai.
  • The last step is obtaining the commercial register, so you can start your activity in the country.

Steps to establish a company in Dubai for Gulf nationals

If you are searching for how to establish a company in Dubai for the Gulf, there are some steps that you must follow in order to be able to establish your own company, and among these steps are: The following:

Determine the company’s commercial activity

  • Business activity in Dubai varies between commercial and professional activity, in addition to industrial activity.
  • The commercial activity, which every year specializes in transportation and storage, or those working in real estate and leasing, also includes financial intermediation.
  • Activities that depend on physical effort are classified under the category of professional activities, including social and personal service activities.
  • Industrial activity includes mining, gas and water as well, in addition to manufacturing activity.

Determine the legal form of the company

  • There are multiple forms of the legal form of companies, including the joint-liability company, which means that the company specializes in commercial and industrial activity only.
  • Establishing a company in Dubai for the Gulf requires determining its legal form, such as a public joint stock company, which means practicing commercial and industrial activities in addition to professional activities.
  • Another legal form is the private joint stock company, which means practicing commercial or industrial activity only.
  • A branch of a Gulf or local company, which is a type of company that requires a license that contains the commercial activity of each company separately.

Obtain initial approval

  • The next step is to determine the activity and then the legal form is to obtain initial approval for this activity.
  • You can obtain approval from the authorities related to the activity in which you wish to work.
  • This step requires official documents with some information, in addition to obtaining approval from the General Directorate of Residency and Foreigners Affairs.

Costs of establishing a company in Dubai

 

  • One of the first costs you will encounter is the cost of a commercial license, which means a license to practice business.
  • The costs involved in building your own company, which vary in terms of location and also the design of the building.
  • There may be some costs involved, including the cost of work permits, as well as visas that must be provided for employees.
  • A bank account must be opened in the name of the company and the minimum capital of the company must be deposited in it according to the type of its commercial activity.
  • Costs may vary from one activity to another, and if you are interested in the legal field, they may be relatively higher than commercial or professional activity.
  • There are some conditions that are imposed on some activities and not others, such as the rules and conditions that the state applies to real estate investment activity.

Conditions for opening branches for Gulf companies

There are some conditions that you must know if you want to establish a company in Dubai for the Gulf which relate to opening Branches of Gulf companies in Dubai, including the following:

  • You must first fill out the registration form in addition to the license form and trade name.
  • Obtaining initial approval is one of the basic conditions.
  • Provide a copy of the passport of the company agent if there are partners from outside the Gulf.
  • Approval from other government agencies must be obtained depending on the activity.
  • You need to have a copy of the passport of the director in charge of the company.
  • There must be a letter of no objection to the current sponsor from the responsible manager.

Conditions for opening branches of other Emirates companies

  • Fill out the form for registration procedures.
  • Obtain initial approval.
  • Choose and reserve a trade name.
  • Having a copy of the ID card.
  • A copy of the responsible manager’s passport, along with a letter of no objection from the sponsor.
  • Provide a copy of the company’s basic license, which must be valid.

Conditions for real estate investment in Dubai for the Gulf

Some restrictions have been imposed that are important for those wishing to establish a company in Dubai for the Gulf, especially in the field of real estate investment. These restrictions include the following:

  • The value of the property desired for investment must not be less than one million dirhams.
  • The property must already be fully constructed.
  • Providing a monthly income of no less than 10 thousand dirhams is one of the important conditions that must be met.
  • After paying the value of the property, you can apply for a visa.
  • The investor must undergo a medical examination to ensure that the investor is free of any serious or contagious diseases.
  • Go to the General Administration of Residency and Foreigners Affairs with some official documents.
  • The documents that must be available first include a photo and a copy of the passport.
  • Submit the property ownership contract, in addition to paying the visa fees so you can obtain approval.
  • Upon obtaining approval, you will be granted a two-year renewable residency.

 

As a result of the advantages possessed by the stateDubai, as one of the largest investment countries, the state has tried to implement some of the conditions and restrictions that determine who can invest. In addition to specifying the forms of investment available within it, we have mentioned the most important conditions for establishing a company in Dubai for Gulf citizens, in addition to the types of investment activities and the conditions for each activity.

 

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